Nifty50 Crossing 25000 Points Celebrated at NSE

The Nifty 50 index hit the 25,000 mark for the first time during Thursday session. The index hit the 20,000 mark for the first time on September 11, 2023 It took another 221 trading days from that level to hit the 25,000 mark on August 1, 2024.

Nifty has cleared 25,000 at the close of Thursday, which is a very important milestone for Nifty and also for the country, said National Stock Exchange MD and CEO, Ashishkumar Chauhan to the newsmen.

“It also shows some confidence in the new government, which is also in a way showing continuity because they have been there for 10 years and this is a show of confidence for the next five years too,” Chauhan said.

Overall, the Nifty has given returns over the last one year of more than 26 per cent compared to Standard & Poor’s which has done 20 per cent and Sensex which has accumulated around 22 per cent gains, Chauhan said.

“And Nifty has achieved 25,000 from 20,000 in that 5,000 points distance in around 11 months compared to the 15,000 to 20,000 numbers that Nifty had covered in 19 months, that’s one year and seven months,” he added.

Overall, Chauhan asserted that it’s an indication of what people expect India to do in the future.